1798 $1 10 Arrows MS (PCGS# 6876)

2009 February Long Beach, CA Signature US Coin Auction #1122

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    1549
  • Grade:
    MS61
  • Price:
    $13,800.00
Lot Description
1798 $1 Large Eagle, 10 Arrows MS61 NGC. B-13, BB-108, R.3. The obverse is easily identified by a die flaw between the bust and star 13, and there is a die crack from the rim to the lower right serif of the L in LIBERTY. Only 10 arrowheads are visible on the reverse, which is a telltale diagnostic for this die. After striking BB-107 the reverse die was lapped, and the five small berries now have faint or nonexistent stems. Although this variety is relatively available in grades through XF, the Bowers-Borckardt reference states that it is "exceedingly rare" in Mint State. Their list of notable specimens, while not quite a Condition Census, features only three Uncirculated examples, two of which grade MS60. Hints of gold and rose around the margins accent the mostly medium gray surfaces of this exquisitely preserved representative. There are prominent adjustment marks in the center of the reverse, with a corresponding area of weakness on Liberty's hair on the obverse. Plenty of luster radiates throughout the fields and enhances the eye appeal. This is a Die State IV piece, with a die crack from the rim below the 17 in the date that progresses through the first five stars. A spectacular representative from the first year of the Heraldic Eagle reverse.
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